Snapchat Raising Money at a $16bn Valuation

Snapchat, the ephemeral messaging service, is reportedly raising money at a $16bn valuation.  Potential investors in the $650mn round include Fidelity, Alibaba, Glade Brook Capital and York Capital.  CEO Evan Spiegel revealed plans for an eventual IPO earlier this week.  Snapchat – which was valued at $15bn in March – has raised $848m in total capital since it was founded in 2011.

Snapchat is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 106 companies organized by investment theme.

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